17 Oct 2013
Metals advance in unison after politicians finally agree to act
FXstreet.com (Chicago) – Metals advance in unison after positive news in Washington easing down the moods after 2 weeks of paralysis and continuous yet ineffective debates. Republicans and democrats prepare follow-up discourses depicting the implications of their agreement later tonight.
Boehner supported an agreement proposed by democrats and stated “we fought the good fight” adding “we just didn’t win”. Other politicians expressed themselves saying the deal was not bad after all considering the consequences of reaching nothing.
In the meantime, metals register wins with gold up 0.68% to trade at $1,281.80 after having printed lows at $1,268.60 and highs at $1,289.20. Silver is also up 1.01% and is offered at $21.41 with lows at $21.12 and highs at $21.44. Platinum is 1.21% stronger and trades back above the $1,400 key psychological level at $1,400.10 printing lows at $1,378.70 and highs at $1,402.50. Copper is also advancing to register 0.03% gains to now be offered at $3.3085 registering lows at $3.2635 and highs at $3.3290. Finally, palladium is offered at $717.55 advancing 1.59% bouncing off from $704.15 lows and retracing from $719.75 highs.
Boehner supported an agreement proposed by democrats and stated “we fought the good fight” adding “we just didn’t win”. Other politicians expressed themselves saying the deal was not bad after all considering the consequences of reaching nothing.
In the meantime, metals register wins with gold up 0.68% to trade at $1,281.80 after having printed lows at $1,268.60 and highs at $1,289.20. Silver is also up 1.01% and is offered at $21.41 with lows at $21.12 and highs at $21.44. Platinum is 1.21% stronger and trades back above the $1,400 key psychological level at $1,400.10 printing lows at $1,378.70 and highs at $1,402.50. Copper is also advancing to register 0.03% gains to now be offered at $3.3085 registering lows at $3.2635 and highs at $3.3290. Finally, palladium is offered at $717.55 advancing 1.59% bouncing off from $704.15 lows and retracing from $719.75 highs.